Knowledge about money has value only if it leads to action. Most learners have learnt, memorized and studied but do not know how to use the information in real life. The ingredient that’s lacking is intuition—the self-assured ability to know what needs to be done in short order, because one already knows the patterns and implications beneath. Swapping…
Very few masters of money made it solely by knowing. “Unless these teachings are a part of our daily lives, being able to explain budgeting or investing or risk management is only going to get you so far.” Habits are the link between intention and action, transforming an intentional behavior into automatic or regular behavior that serves as…
Financial stress is seldom the result of lack of effort. Most of the time, they actively look for information, read advice or try to follow a recommendation. The issue comes when all of this information is isolated, conflicting or void of context. Left without structure, learning – no matter how well-intentioned – can compound confusion. Confidence simply cannot exist…
Financial literacy is commonly perceived as a set of rules, equations and principles that one must learn by rote. In fact, sound financial confidence doesn’t grow with rote memorization; it grows from a mindset whose roots become strong and deep over time. Without a coherent and complete way, like an ancient map with only fragments skipped around…
